Nuna Network

11/15/2022

Why would YOU monitor a Chinese company's ongoing status for changes? We've compiled the top 3 use cases here. If any of them sound familiar, please reach out and schedule some time with one of our risk management experts.

While there are many reasons why you might want to keep track of the ongoing status of a Chinese company using Nuna Network's Verify & Monitor service, we have outlined the top 3 use cases we hear from clients. At their core, all can be summed up by a desire

11/08/2022

There are many reasons to get an advanced company report on a business in China. Whether it is for a new vendor, or "overdue" diligence on an existing partner, we've compiled some of the most common reasons below. Our database of over 180+ million companies is available on demand, so whatever the reason, we're ready when you are.

There are many reasons to get an advanced company report on a company in China. Whether it is for a new vendor, or "overdue" diligence on an existing partner, we've compiled some of the most common reasons below. Our database of over 180+ million companies is available on demand, so

11/03/2022

Starting a new vendor relationship is an exciting time, but also when you are most vulnerable to pitfalls. This handy list details the most common ways new supplier relationships can go sour at the early stages of working together. What other problems have you seen, and what checks do you put in place to avoid them?

It is every compliance and supply chain manager’s nightmare: you think you’ve done your due diligence, you’re in contract with a supplier - and then you realize you’ve been tricked. This list of the most common deceptions buyers face in China may help you as you

10/28/2022

Worried about PIPL compliance for your Chinese data practice? Read on. If you are handling the personal information of any Chinese citizens, you certainly should be. The penalties are strict:

Penalties may include:
- confiscation of illegal gains
- a fine of up to RMB 50 million (about $7.8 million) or 5 percent of the past year’s turnover
- the possibility of business suspension

Violations could also affect a company’s social credit scores, making it difficult to access credit, purchase property and conduct everyday business operations.

The law also contemplates criminal and civil penalties, with a reverse burden of proof in civil cases. Rather than a plaintiff having to prove violations, companies must prove compliance.

There is no cap for civil cases, making liabilities potentially unlimited. (source PWC)

Checklist: PIPL data compliance in 5 StepsChina’s recent legislation presents new risks, challenges and increased costs to all companies handling the personal information of Chinese residents. With a little extra diligence, and an expert partner such as Nuna Network, it is possible to overcome the...

10/24/2022

Supply chain resilience starts with being able to detect changes BEFORE they cause disruption and losses. We've compiled more expert advice on the top 3 ways to fortify your supply chain - now - to avoid costly stoppages in the future.

COVID-19 has changed everything it seems, including how companies think about and effectively manage their global supply chains. The pandemic brought to light weaknesses in global supply chains for companies of all sizes. Chinese manufacturing of essential medical goods and equipment came under part...

10/21/2022

Weekend reading: 3 charts that tell the story of global economic trade's present, near-future and 2026 projections. See the charts for yourself, but here are some key takeaways:

1) Global trade has recovered completely from the rapid crash caused by the Covid-19 pandemic

2) Global trade will stabilize and continue to grow, despite the war in Ukraine dampening growth for 2022-23

3) Southeast and South Asia, as well as Sub-Saharan Africa will all be central to trade growth by 2026

Did you know global trade as, on the whole, recovered from the record shocks caused by the Covid-19 pandemic? In fact, it was the fastest decline followed by the fastest recovery in recent trade history. That gem, and many others, can be found in a recent post by the World

10/18/2022

Who's your plus one? The recent slew of supply disruptions has given rise to what is being called a “China plus one” strategy. Rather than focusing all of one's investment efforts and vendor relationships in China, companies are now creating redundancies in other manufacturing areas of the world to mitigate the risk of slowdown or complete shutdown in China. But which countries are the most promising for that "plus one" location?

The recent slew of supply disruptions has given rise to what is being called a “China plus one” strategy. Rather than focusing all of one's investment efforts and vendor relationships in China, companies are now creating redundancies in other manufacturing areas of the world to mitigate the risk...

10/15/2022

If it can happen to Ford Motor Company, it can happen to you. 45,000 vehicles not shipped because the auto company is missing the iconic blue Ford badge. At Nuna Network, we believe that creating a resilient supply chain begins with a full audit - and continuous monitoring - of your vendors and partners abroad.

The issue is the latest is a yearslong supply chain crisis that has included critical parts such as semiconductor chips, wire harnesses and raw materials.

10/13/2022

Compliance - or else! Recent PIPL enforcement has drawn fresh attention to the rules and regs, particularly in light of the harsh penalties. Fines totaling roughly $1.2 billion were levied against Didi, China’s largest ride-sharing service provider, due to violations of the PIPL laws as well as the Cybersecurity Law.

Electronic discovery for US litigation and legal proceedings often implicates data outside the US.  As data privacy and protection laws evolved around the globe, it’s critical to understand

10/11/2022

The Cyberspace Administration of China (CAC) has finally released guidelines for how to apply for permission to transmit Chinese citizen personal information (PI) across the country's borders. This approval process includes a security review, certification for PI protection, a contractual agreement with the foreign corporate recipient of the PI, among other requirements.

But before you begin a potentially costly application process, first you should determine: do you need permission to transfer PI across Chinese borders?

The penalties for non-compliance are steep and the ride hailing app Didi is a prime example of just how costly misunderstanding the rules and regulations can be, so we've put a handy guide together on the types of industries and amount of data that determine whether this extra step is needed.

The Cyberspace Administration of China (CAC) has finally released guidelines for how to apply for permission to transmit Chinese citizen personal information (PI) across the country's borders. Companies seeking to transfer PI or other “important” data gathered from citizens in China may need to ...

06/13/2022

Reading Chinese licenses can be hard, particularly if you can't read in Chinese. This helpful visual guide breaks down the Chinese business license for you. All companies in Mainland China conducting business are required to have a valid Chinese business license.

Many components need to be validated to ensure that the company with which you are contemplating doing business is legitimate. A valid Chinese business license is one of the most important foundational documents for a Chinese business and for those doing business with that business.

All companies in Mainland China conducting business are required to have a valid Chinese business license. Many components need to be validated to ensure that the company with which you are contemplating doing business is legitimate. A valid Chinese business license is one of the most important foun...

06/06/2022

So...you've run a Nuna Network company report on a current or potential vendor. And they are on the abnormal business operations list. What does this mean for them - and your business relationship with them? When a Chinese company finds itself on the Abnormal Business Operations List, it faces a variety of restrictions and prohibitions leveled from the Chinese government.

Understanding the types of restrictions that a Chinese company can face when it is listed on the Abnormal Business Operations List can help you make more informed decisions should you find that the company you’re considering falls into this category.

Read more here: https://blog.nunanetwork.com/restrictions-abnormal-business-operations/